This exceptional 6,208 square foot office condo, located at 183 High St NE in downtown Salem, Oregon, presents a unique investment opportunity. Situated on the second and third floors of a meticulously maintained historic building—once Salem's first hotel—this Class B property offers a blend of modern amenities and charming historical character. The unit, encompassing two levels, features a mix of office spaces, some boasting original exposed brick and historic light halls providing abundant…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?

$12k

Tax billed · 2023

Assessed value$652k

Effective rate1.92%

Value estimate

· Nov 2026

$425k

$383k – $468k

Submarket $/SF estimate$2.42M

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?

$283/SF

ZIP average, outlier-cleaned · 49 recorded sales of this use type

Observed band · Q1–Q3$105 – $440

Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?

CHAPTER 524. - CB-CENTRAL BUSINESS DISTRICT Sec. 524.001. - Purpose. The purpose of the Central Business District (CB) Zone is to impleme...

General categoryCOMMERCIAL

JurisdictionMARION

Location intelligence

Which uses thrive at this corner?

Best fit: Electrical Service

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Electrical Service10.4

HVAC Service10.4

Dry Cleaner9.2

183 High NE St Salem, OR 97301-3665

County assessor Recorded deeds · 18 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby

Address Sale price Sold Size

379 State, Salem, OR 97301-3533 $650,000 Jan 2025 6,080 SF

217 State, Salem, OR 97301-3445 $1,150,000 Sep 2022 13,270 SF

405 Ct NE, Salem, OR 97301-3639 $250,000 Sep 2021 5,698 SF

160 Liberty NE, Salem, OR 97301-3847 $5,650,000 Aug 2021 11,176 SF

3882 State, Salem, OR 97301-5320 $194,750 Aug 2019 5,736 SF

225 Liberty NE, Salem, OR 97301-3531 $639,634 Jun 2019 11,222 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation by Request
5,698 SF

405 Ct NE St

STORE/OFFICE (MIXED USE)

405 Ct NE St, Salem, OR 97301-3639

View Details
Value Estimation
$2,445,000

5,554 SF

156 Frnt St Nec-1

STORE/OFFICE (MIXED USE)

156 Frnt St Nec-1, Salem, OR 97301-3479

View Details
Value Estimation
$725,000

4,573 SF

246 State St

STORE/OFFICE (MIXED USE)

246 State St, Salem, OR 97301-3444

View Details
Value Estimation
$1,850,000

8,845 SF

231 Commercial NE St

STORE/OFFICE (MIXED USE)

231 Commercial NE St, Salem, OR 97301-3411

View Details
Value Estimation
$1,420,000

10,099 SF

263 Commercial SE St

STORE/OFFICE (MIXED USE)

263 Commercial SE St, Salem, OR 97301-3427

View Details
Value Estimation
$1,620,000

3,680 SF

696 Hawthorne NE Ave

OFFICE/RESIDENTIAL (MIXED USE)

696 Hawthorne NE Ave, Salem, OR 97301-4619

View Details

Similar Nearby for Sale

$1,350,000

7,030 SF

Mixed-Use Property with Basement

MU-III zoning and prior bar use are relevant considerations when evaluating the property's next commercial use.

1486 Hawthorne Av NE, Salem, OR 97301

View Details
New

$1,730,000

4,250 SF

Mixed-Use Property with Industrial Space

Includes an industrial building, detached office, duplex, and house within a fully fenced commercial setting.

3620 Mainline Dr NE, Salem, OR 97301

View Details
Contact for pricing
9,299 SF

Commercial Portfolio with Highway Frontage

Two-parcel commercial/industrial portfolio with showroom, office, and warehouse space.

1994 Commercial St NE, Salem, OR 97301

View Details
New

$2,900,000

13,448 SF

Mixed-Use Commercial Building

Property supports retail, office, and medical uses at a signalized intersection.

388 Commercial St NE, Salem, OR 97301

View Details
Contact for pricing
1,750 SF

Ground-Floor Mixed-Use Space

Retail or office space with separate front and rear areas, a remodeled bathroom, and on-site parking.

2041 State St, Salem, OR 97301

View Details
$7,560,000

55,481 SF

Three-Building Office Campus

Central Salem campus with flexible commercial space and mixed-use zoning near major civic and medical institutions.

1309 - 1310 Ferry St SE & 1340 State St, Salem, OR 97301

View Details

Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude

Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

One click on Google

You own 183 High NE St?

List it free. Reach 20,000 daily buyers.

We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.

183 High NE St Salem, OR 97301

Property summary